Nikita Papers IPO listing on June 3. Check GMP and other details
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Nikita Papers is set to debut on the NSE SME platform on Tuesday, June 3, following the completion of its Rs 67.54 crore initial public offering (IPO). While the issue just managed to scrape through with overall subscription slightly above 1x, the absence of grey market activity suggests a subdued listing ahead. According to the latest data, the grey market premium (GMP) for Nikita Papers stands at Rs 0 as of June 2. With the IPO price fixed at the upper end of the band at Rs 104 per share, the estimated listing price is also expected to be around Rs 104 — implying no expected gains or losses for investors on debut. Despite steady financials, market response and lack of GMP momentum suggest a cautious investor stance. The IPO, which was entirely a fresh issue of 64.94 lakh shares, was open for subscription between May 27 and May 29. The lot size was 1,200 shares, requiring a minimum investment of Rs 1.24 lakh for retail investors. The iss...